>> schieffer: all right, mr. secretary, thank you so much. >> thank you, bob. >> schieffer: joining us from clemson, south carolina, senator lindsey graham who said he is willing to increase revenues if the administration is willing to tackle entitlement reform. so, senator, first question, what is your reaction to what you just heard? >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid and social security from imminent bankruptcy. it raised $1.6 trillion on job creators that will destroy the economy, and there were no spending controls. and i'm serious about revenue. you can limit deductions to $40,000, $50,000 a person, which takes care of the middle class. upper income americans will lose their deduction and raise about $800 billion in revenue. but i'll only do that if we do entitlement reform and the president's plan, when it comes to entitlement reform is quite frankly, a joke.